| As a mortgage loan originator or real estate | | | | Underwriting guidelines used to qualify borrowers |
| professional participating in mortgage loan activities, | | | | Closing statements and mandatory settlement |
| you are required by the SAFE Act of 2008 to | | | | disclosures |
| complete pre-licensure education. Curious what the | | | | SAFE Mortgage Course Schedule |
| typical SAFE mortgage classes cover? The exact | | | | SAFE Mortgage classes adhere to a strict timeline. |
| education hours may vary by state, but you will need | | | | The minimum amount of time that can be spent on the |
| at least 20 hours of SAFE-related education. Here's a | | | | course includes 13 days while the maximum length of |
| look an inside look at what SAFE mortgage classes | | | | time is 17 days. Whether you enroll in an online class or |
| entail: | | | | take a class at a live school, each session typically |
| Why SAFE Compliance? | | | | starts each Monday in an instructor-led setting. This |
| The SAFE Act was established to enhance consumer | | | | includes the use of a discussion board or other |
| protection and reduce fraud by encouraging states to | | | | interactive component in an online course. The classes |
| establish minimum standards for the licensing and | | | | are structured, with each section starting and stopping |
| registration of state-licensed mortgage loan originators. | | | | within a specific timeframe. You'll complete |
| As a result, as a mortgage professional, you need to | | | | comprehensive units with assignments, multiple-choice |
| fulfill the required hours - including 3 hours of federal | | | | exams and final examination. |
| laws and regulations, 3 hours of ethics, mortgage fraud, | | | | Online vs. Traditional SAFE Mortgage Classes |
| and predatory lending, 2 hours pertaining to lending | | | | Considering enrolling in online SAFE mortgage classes? |
| standards and loan programs, and 12 hours cover loan | | | | An online class enables you to continue focusing on |
| products, the loan package, underwriting, and | | | | leads and conducting business while meeting your |
| settlement procedures. | | | | SAFE education requirements. Complete your course |
| What Does SAFE Mortgage Classes Cover? | | | | hours from the convenience and comfort of home. |
| The 20-hour SAFE mortgage classes are designed to | | | | When you learn online, you benefit from a learning |
| satisfy all of the pre-licensure education requirements | | | | schedule that is tailored to your needs. Do your |
| in accordance with the SAFE Act. Course topics will | | | | research and choose an accredited online school - |
| include the following (or something similar): | | | | ensure that you get an NMLS approved education and |
| Federal mortgage-related and consumer protection | | | | fulfill your required hours on your terms. |
| laws | | | | Now that you've familiarized yourself with the SAFE |
| Mortgage fraud and predatory lending | | | | mortgage classes, enroll today. The sooner you meet |
| Conventional and government-backed financing | | | | your course requirements, the sooner you will be one |
| Fixed-rate loans, ARMs, and GPMs | | | | step closer to SAFE compliance. Your diligence and |
| Steps in completing a loan application and | | | | dedication now will enable you to keep your career on |
| preparing a loan package | | | | track and meet your professional commitments. |